Federal Communications Commission Chairman Julius Genachowski announced today that he will be stepping down from his post in the coming weeks.

Nominated by President Obama and confirmed by the Senate in 2009, Genachowski has led the FCC during a time of rapid growth and transformative change in the Technology, Media & Telecommunications sector, particularly around broadband - high-speed Internet.

Chairman Genachowski made his announcement in remarks to FCC staff this morning. During his remarks he said:

"Over the past four years, we've focused the FCC on broadband, wired and wireless, working to drive economic growth and improve the lives of all Americans. And thanks to you, the Commission's employees, we've taken big steps to build a future where broadband is ubiquitous and bandwidth is abundant, where innovation and investment are flourishing.

"While there are challenges ahead in this fast-moving, globally competitive sector, a revitalized FCC is prepared to continue taking them on. I'm deeply grateful to President Obama for his vision, friendship, and the opportunity to serve our country.

"I?m proud of what we've done together to harness technology to advance the American dream for the 21st century. I know you'll continue to fight hard to fulfill this agency's vital mission, and I look forward to continuing to work together until my last day at the agency, and to count you as family and as an inspiration for long after that."